Raoul Paul sent shock-waves throughout the financial markets in June in what Tyler Durden called the scariest presentation ever, when Paul predicted a complete systemic collapse of the financial system was merely 6-9 months away. Is the Big Reset still imminent?

‘The world has no engine of growth with most of the G20 countries approaching stall speed at the same time. The western world is about to enter its second recession in an ongoing depression…For the first time since the 1930’s we are entering a recession- before industrial production, durable goods orders, employment, and private sector GDP have made back their previous highs. ‘

As to the timing of the collapse Paul states:‘2012- 2013 will usher in the end. We have about 6 months left… Assume that no one and nothing is safe. After that, we put on our tin helmets and hide until the new system emerges.

As to what the collapse will look like:A global banking collapse and massive defaults would bring about the biggest economic shock the world has ever seen. No trade finance, no shipping finance, no finance for farmers, no leasing, no bond market, no nothing…

If your comments about grammar keep it to yourself . I think there will be a total collapse ,Its been the plan all along ,Its the final rip off by the central bankers than total fear will be spread ,And then these same bankers will roll out anther paper currency backed by gold they already own and YOU will NEVER touch . And my friend you will take it up the ass because your to afraid to do anything about it. Good Day

But we will be going back 40 years in time … and 1500 years…
The new Dark Ages… read my previous just today…
Chilling!
The decline and fall of the Romans mirrors our modern day deterioration predictably, the Fed’s money printing suggests parallels to the devaluation of the Roman denarius as a mere token by ancient mints all over Europe during the 4th century, (with new currency issues containing less silver and more base metal) but legitimised by Rome with the new religion and world view of the time Christianity. The first christogram’s appeared on coinage and the masses seemed content to except the devaluation of the currency with God and Rome’s blessing (You could almost say Roman elites introducing the Christian paradigm of saving the soul mirrors the Western Elites plan to introduce a Global warming paradigm to unify a mass taxation system & saving the planet).
Meanwhile the Empire had reached its own “Peak Oil” Energy crisis with “Peak Wood” http://rewild.info/anthropik/2005/10/peak-wood/index.html limiting growth in a far flung “Empire Bubble” which in itself was unsustainable.
And finally like the modern 1%, the Roman Elite had a get out of dodge plan which meant allowing the collapse of Rome and handing it over to the Mad Max hoards of barbarians while they sailed off to their equivalent of the Cayman Islands… Constantinople… with all the Gold!
And what happened to the great unwashed? They didn’t get a bath for the next thousand years… and spent their days dismantling Road, Bridge and Aqueduct infrastructure materials in the Dark Age hovel boom.

Great comment – Mr. Commentariat .. .. well done. Regarding grammar police… perhaps Max needs to start a separate blog for grammar nazis and trolls — list your complaints there. Snide comment from Russell — typical of someone who has nothing of importance to say about the TOPIC under discussion. ”’Looks like grammar has collapsed ahead of the economy …”” .. Looks like Russell has not had his Ovaltine and graham crackers recently and is grumpy.

It’s starting to look like these financial collapse predictions are FOS! Like “peak oil” has turned out to be and soon “man made global warming.” Fear porn is losing its luster and its credibility. Sure, don’t get me wrong, on a long enough time line, everything has a chance, but let’s be realistic about our lifetime here.

The Keynesians are winning, so is Asia’s capitalist-communist systems… which have already swept into America. If anyone wants to see America’s political future, just look at Singapore, China and maybe even Vietnam for examples.

Anyway, cheer up, at least the world isn’t going to end. It’s time to drop the pessimism that we have all embraced for the past 5 years and to get out there and grap a piece of the Keynesian funny money pie once again.

Your New Years resolution should be to stop sitting around waiting for the world to end on these forums and sites, and start doing something productive because you are one new year closer to your own personal end….

Max predicts events by April. Raoul Paul puts the collapse at 6 to 9 months away from June 2012 which means between now and March. These are consistent with one another. Celente seems to have moved his timeline into 2013 as has Marc Faber. Others seem to think it could still be several years away (I don’t remember where I heard this). I’m skeptical due to so many false predictions but don’t doubt the current system is disintegrating.

I agree it will be the end of debt based money creation as we know it but I’m not so sure what will remain will be better for a long time. The transition will have to be very fast to minimize loss of life. If the rich are permitted to successfully retreat without justice, I think they will resume exploitation of what remains at some point in the future.

Sir David Rottentrousers,
One thing for sure is right now I think we are at peak waste.

From electronics designed for disposal without removable batteries and almost-impossible sane disassembly, to excessively-packaged foods and drink (designed to kill you), to going to the shops by car that are 500 metres away, etc. At least that’s how it is in my neck of the woods.

It may well be true that we have reached peak oil, but we are a long way off from acting like ANYTHING is a precious resource. And more alarmingly, everyone seems to get by while paying a crapload for all this waste (both directly and indirectly). Again, that’s sure how it seems in my neck of the woods.

OH YOU SAID DROP THE PESSIMISM.
Well, I don’t regard it pessimism; more of a puzzle to fix…

Max, I don’t know why you let Silver Doctor’s post on your page, especially after the Newtown/Libor article was found to be a fraud. Silver Doctors are unable to discern between real news and fake fear porn. I’ve never heard of Raoul Paul in my life, so I’m wondering why I’m supposed to care what he has to say. I would have to believe this guy has insider information from every single corporation and government and I’ve never heard of him in my life. Quit letting Silver Doctors drag this site down to the level of lies and bullshit.

Jim Willie talks of them ‘swimming with the fishes’ once this is all over, and there sure will be a lot of people mad, but I agree with you – there are so many of them, all inter-married with changed names that in the end, we’ll be the ones accused of starting pogroms, and we’ll be the ones hanged for murder!

Makes me laugh (in a cynical way!) that these self-appointed élite have a depopulation agenda for places like Africa and the Developig world, when the Rothschild family originally had five sons, who emigrated and went on to cause a lot of this present-day mayhem. Family-planning for the upper-classes would be a good start…

Happy New Year to you, anyway!

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